Sg Slaps Up A Wednesday Night Ndx Chart - Stool Pigeons Wire Message Board

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Sg Slaps Up A Wednesday Night Ndx Chart LETS TRY AGAIN SHALL WE KIDS? Rate Topic:

#1 simple guy

Elliott Professor Emeritus of Stock Proctology

Group: Banned
Posts: 2,226
Joined: 27-August 02

Posted 29 January 2003 - 07:31 PM

Gotta get back on the horse...

NDX today traced out a mini 50%+ retrace of the recent NDX from 1039 to 982 (todays low).

Some are indicating a move back to double kiss the 1039-1040 area is possible, and it is... even my 1050 I mentioned last week might be kissed as well in one messed up A B C leg 2.... but I dont see it.

SG instead sees it this way

Today we traced out a mini wave 2 up. Mini wave 3 should now head down to 924 NDX and sub 23 on the Q's.... the pattern in my opinion should be largely complete because the QQQ came within 5 pennies of a 78.6% fibo retrace of the 25.84 to 24.34 move.... thats close enough.

The chart below depicts the NDX and how I see it unfolding. I realize this is against the grain a bit.... but I still feel the imminent downleg should start tomorrow and last to end of friday.... and we should see that 924 within several trading days....